Tag Archives: NanoMech

NanoMech get $10M investment from Saudi company

This news comes from the US state of Arkansas (not often featured here). The company, NanoMech, seems to be focused on lubricants and coatings according to an April 13, 2013 news release on Business Wire,

NanoMech announced today that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s national oil company. This capital infusion and relationship will significantly accelerate NanoMech’s manufacturing, sales and product development. NanoMech uses nanotechnology to develop advanced products for industrial and mechanical applications – such as lubricants, coatings and specialty chemicals. These products have enabled a step change in performance, efficiency and reliability in multiple industries such as energy, transportation, aerospace, manufacturing, automotive, agricultural equipment and military.

An April 11, 2013 NanoMech news release, which originated the item on Business Wire, provides a few more details and some quotes,

“NanoMech is honored to achieve this recognition and investment by the world’s largest energy company,” said NanoMech Chairman and CEO Jim Phillips. “Building on current momentum, NanoMech will use this financing and relationship to expand our global reach, invest in additional sales and marketing resources. We will also increase investment in our market-leading nanotechnology platforms, nGlide, GuardX, TuffTek, and nGuard.”

This capital infusion and relationship will significantly improve NanoMech’s manufacturing, sales and product development. Today’s announcement represents NanoMech’s most significant milestone in the continued validation and authentication of its unique technology.

“Response to NanoMech’s technology at Saudi Aramco and several of our major suppliers has been very positive,” said Cory Steffek, Managing Director, North America for SAEV. “A platform technology like NanoMech’s has significant potential to bring innovation, not only to the energy sector, but also to many other critical industries.”

NanoMech has validated and commercialized its innovations to iconic world-leading businesses and has completed an upgrade of its smart factory and labs. Several Fortune 100 and emerging companies have incorporated NanoMech’s nano-engineered solutions to create high-performance products.

“After more than a decade of extensive research and development, and recent large-scale commercialization successes,” said Dr. Ajay P. Malshe, CTO and Founder of NanoMech. “Our industry is leading disruptive nanoscience and is light years ahead of the competition. We are transforming entire industries.

The big talk is rooted not just in hype but also in a major US government push to commercialize nanotechnology research, which has received billions of dollars in government funding (from the NanoMech news release),

“Aramco’s strategic investment in NanoMech will transform the productivity paradigm for sustainable global energy production,” said Deborah Wince-Smith, CEO of the U.S. Council on Competitiveness and NanoMech board member. “It will accelerate NanoMech’s position as the global leader in advanced nanotechnology.”

US White House establishes new initiatives to commercialize nanotechnology

As I’ve noted several times, there’s a strong push in the US to commercialize nanotechnology and May 20, 2015 was a banner day for the efforts. The US White House announced a series of new initiatives to speed commercialization efforts in a May 20, 2015 posting by Lloyd Whitman, Tom Kalil, and JJ Raynor,

Today, May 20 [2015], the National Economic Council and the Office of Science and Technology Policy held a forum at the White House to discuss opportunities to accelerate the commercialization of nanotechnology.

In recognition of the importance of nanotechnology R&D, representatives from companies, government agencies, colleges and universities, and non-profits are announcing a series of new and expanded public and private initiatives that complement the Administration’s efforts to accelerate the commercialization of nanotechnology and expand the nanotechnology workforce:

  • The Colleges of Nanoscale Science and Engineering at SUNY Polytechnic Institute in Albany, NY and the National Institute for Occupational Safety and Health are launching the Nano Health & Safety Consortium to advance research and guidance for occupational safety and health in the nanoelectronics and other nanomanufacturing industry settings.
  • Raytheon has brought together a group of representatives from the defense industry and the Department of Defense to identify collaborative opportunities to advance nanotechnology product development, manufacturing, and supply-chain support with a goal of helping the U.S. optimize development, foster innovation, and take more rapid advantage of new commercial nanotechnologies.
  • BASF Corporation is taking a new approach to finding solutions to nanomanufacturing challenges. In March, BASF launched a prize-based “NanoChallenge” designed to drive new levels of collaborative innovation in nanotechnology while connecting with potential partners to co-create solutions that address industry challenges.
  • OCSiAl is expanding the eligibility of its “iNanoComm” matching grant program that provides low-cost, single-walled carbon nanotubes to include more exploratory research proposals, especially proposals for projects that could result in the creation of startups and technology transfers.
  • The NanoBusiness Commercialization Association (NanoBCA) is partnering with Venture for America and working with the National Science Foundation (NSF) to promote entrepreneurship in nanotechnology.  Three companies (PEN, NanoMech, and SouthWest NanoTechnologies), are offering to support NSF’s Innovation Corps (I-Corps) program with mentorship for entrepreneurs-in-training and, along with three other companies (NanoViricides, mPhase Technologies, and Eikos), will partner with Venture for America to hire recent graduates into nanotechnology jobs, thereby strengthening new nanotech businesses while providing needed experience for future entrepreneurs.
  • TechConnect is establishing a Nano and Emerging Technologies Student Leaders Conference to bring together the leaders of nanotechnology student groups from across the country. The conference will highlight undergraduate research and connect students with venture capitalists, entrepreneurs, and industry leaders.  Five universities have already committed to participating, led by the University of Virginia Nano and Emerging Technologies Club.
  • Brewer Science, through its Global Intern Program, is providing more than 30 students from high schools, colleges, and graduate schools across the country with hands-on experience in a wide range of functions within the company.  Brewer Science plans to increase the number of its science and engineering interns by 50% next year and has committed to sharing best practices with other nanotechnology businesses interested in how internship programs can contribute to a small company’s success.
  • The National Institute of Standards and Technology’s Center for Nanoscale Science and Technology is expanding its partnership with the National Science Foundation to provide hands-on experience for students in NSF’s Advanced Technology Education program. The partnership will now run year-round and will include opportunities for students at Hudson Valley Community College and the University of the District of Columbia Community College.
  • Federal agencies participating in the NNI [US National Nanotechnology Initiative], supported by the National Nanotechnology Coordination Office [NNCO], are launching multiple new activities aimed at educating students and the public about nanotechnology, including image and video contests highlighting student research, a new webinar series focused on providing nanotechnology information for K-12 teachers, and a searchable web portal on nano.gov of nanoscale science and engineering resources for teachers and professors.

Interestingly, May 20, 2015 is also the day the NNCO held its second webinar for small- and medium-size businesses in the nanotechnology community. You can find out more about that webinar and future ones by following the links in my May 13, 2015 posting.

Since the US White House announcement, OCSiAl has issued a May 26, 2015 news release which provides a brief history and more details about its newly expanded NanoComm program,

OCSiAl launched the iNanoComm, which stands for the Integrated Nanotube Commercialization Award, program in February 2015 to help researchers lower the cost of their most promising R&D projects dedicated to SWCNT [single-walled carbon nanotube] applications. The first round received 33 applications from 28 university groups, including The Smalley-Curl Center for Nanoscale Science and Technology at Rice University and the Concordia Center for Composites at Concordia University [Canada] among others. [emphasis mine] The aim of iNanoComm is to stimulate universities and research organizations to develop innovative market products based on nano-augmented materials, also known as clean materials.

Now the program’s criteria are being broadened to enable greater private sector engagement in potential projects and the creation of partnerships in commercializing nanotechnology. The program will now support early stage commercialization efforts connected to university research in the form of start-ups, technology transfers, new businesses and university spinoffs to support the mass commercialization of SWCNT products and technologies.

The announcement of the program’s expansion took place at the 2015 Roundtable of the US NanoBusiness Commercialization Association (NanoBCA), the world’s first non-profit association focused on the commercialization of nanotechnologies. NanoBCA is dedicated to creating an environment that nurtures research and innovation in nanotechnology, promotes tech-transfer of nanotechnology from academia to industry, encourages private capital investments in nanotechnology companies, and helps its corporate members bring innovative nanotechnology products to market.

“Enhancing iNanoComm as a ‘start-up incubator’ is a concrete step in promoting single-wall carbon nanotube applications in the commercial world,” said Max Atanassov, CEO of OCSiAl USA. “It was the logical thing for us to do, now that high quality carbon nanotubes have become broadly available and are affordably priced to be used on a mass industrial scale.”

Vince Caprio, Executive Director of NanoBCA, added that “iNanoComm will make an important contribution to translating fundamental nanotechnology research into commercial products. By facilitating the formation of more start-ups, it will encourage more scientists to pursue their dreams and develop their ideas into commercially successful businesses.”

For more information on the program expansion and how it can reduce the cost of early stage research connected to university projects, visit the iNanoComm website at www.inanocomm.org or contact info@inanocomm.org.

h/t Azonano May 27, 2015 news item

May 20, 2015 free webinar for small- to medium-size nantoechnology businesses

The May 20, 2015 webinar is the second in a series being offered through the auspices of the US National Nanotechnology Coordination Office (NNCO). Here’s more from the NNCO May ?, 2015 announcement (h/t May 7, 2015 Nanowerk news item),

The National Nanotechnology Coordination Office (NNCO) will hold the second in a series of free webinars focusing on the experiences, successes, and challenges for small- and medium-sized nanotechnology businesses and on issues of interest to the nanotechnology business community on Wednesday May 20, 2015 from 2-3pm EDT.

Who/Speakers:
Speakers at the event will include:

  • Dr. Ajay P. Malshe, Founder, Executive Vice President, and CTO of NanoMech.  NanoMech has developed patented platform nanotechnology innovations in machining and manufacturing, lubrication and energy, adaptive chemistries for advanced textile coatings, metal surface coatings, biomedical implant coatings, and strategic military applications.
  • Dr. Matthew Putnam, CEO of Nanotronics Imaging. Nanotronics Imaging uses a convergence in computational processing, automation, and artificial intelligence algorithms to image and analyze materials at the nanoscale for development of new semiconconductors, medical devices, regenerative organs, and photovoltaics.

Who/Viewers:   Members of the small- and medium-sized nanotechnology business community, as well as interested members of the general public, media, academia, industry, NGOs, and Federal, state, and local governments are encouraged to participate.

Why:  To engage in a dialogue about topics of interest to the small- and medium-sized nanotechnology business community through a free, online format. These webinars will inform topics for subsequent webinars for the SME community over the course of the year.

How:  Invited speakers will begin the event by providing an overview of their experiences, successes, and challenges in the nanotechnology SME space. This will be followed by a Q&A segment with members of the public. Questions for the panel can be submitted to webinar@nnco.nano.gov from now through the end of the webinar at 3pm on May 20, 2015.

Registration:  This webinar is free and open to the public with registration on a first-come, first-served basis. Click here to register now. Registration will be capped at 200 people. For those unable to watch the event live, the webcast, including closed captioning, will be posted on Nano.gov following the event.

Contact Us:
Direct Link: Nano.gov/SMEwebinars2015
Twitter: #SMEwebinars2015
Email: webinar​@nnco.nano.gov

For the curious, there are a few more details in my Jan. 7, 2015 posting announcing the first in the series.

Canadian business triumphs again! US company acquires Cananano Technologies

As I have noted on more than one occasion, the ‘success’ model in Canadian technology-based businesses is predicated on a buy-out, i.e. develop and grow your business so you can sell it and retire. The news about Canadian Nano Technologies (Canano) fits very well into this model. From the Jan. 12, 2011 news item on Nanotechnology Now,

Arkansas-based NanoMech, Inc. announced today that it has acquired Canadian Nano Technologies, LLC (Canano).

Canano (www.CanadianNano.com) provides custom engineered nanopowders designed to solve unique problems, adding value to products that span multiple industries including electronics, agriculture, solar energy, and aerospace. The company was founded to develop and commercialize applications of pure metal nanopowders. Using a proprietary gas condensation process partially based on research carried out at Los Alamos National Laboratory, Canano produces a wide variety of high-quality nanoparticles. Their proprietary process is unique and offers significant improvements over other nanoparticle production/collection processes.

NanoMech is a leading designer and manufacturer of nanoparticle-based additives, coatings and coating deposition systems.

Richard Tacker, Founder and CEO of Canano said, “Our customers have seen the value that our custom-engineered nanopowders bring to their products, and as a result the demand for our materials is growing rapidly. By joining NanoMech we can take advantage of their excellent management team, nanomanufacturing expertise, and scale up our production capacity to serve existing and future customers.”

The Canadian technology certainly has some interesting applications,

The nanopowder technology applications include advance methods of improving: nutrient replacement fertilizers and environmentally safe pesticides and conductive inks for printed circuit boards, RFID’s, photovoltaic printed solar cells, solar connectors, surface coatings, new generation ballistics, RF shielding, self-cleaning surfaces, solar heaters, condensers , silicon wafers, solid rocket fuels, and primers. Other applications include textiles, nano fabrics for clothing and car seat covers, odor free materials, cosmetics, sunscreens, deodorants, lip balm, cleansing products, surface protectants, cleaning chemicals, antibacterial coatings, scratch resistant surfaces, thermal barriers, super hydrophobic, dielectrics, wound dressings, lighter, stronger sports equipment, smart materials, air purifiers, water filtration and bio-aerosols, safety, sun and high definition glasses, non-reflective and smart shielding, odor free refrigerators and washing machines, automotive parts, chip resistant paints, non-corrosives, cement, concrete, and fuel savers, and much more.

Meanwhile, the discussion about innovation in Canada continues as we try to figure out why we aren’t better at innovating as per a Jan. 12, 2011 article by John Lorinc for University Affairs. (Thanks to Rob Annan for the tip via Twitter.) Lorinc notes in his article,

In its ninth report on the state of Ontario’s competitiveness, the task force headed by Roger Martin, dean of the University of Toronto’s Joseph L. Rotman School of Management, argues that low productivity in the country’s manufacturing heartland has led to low prosperity, revealing an “innovation gap.” Professor Martin writes that public policy is more concerned with science-driven inventions that, while very important to society, won’t necessarily lead to products and services that consumers want – and thus products and services that could improve Ontario’s innovation capabilities. [emphasis mine]

I am not sure that a focus on ‘science-driven inventions’ is the big problem. Certainly our inventions seem attractive to large foreign companies and corporations as per the Canano experience and many others. The article even points out that Apple is currently pursuing RIM, which is, for now, the largest Canadian technology company.

The perspective from William Polushin from McGill  is closer to my own,

For many years, William Polushin has taught a core international business undergraduate course at McGill University’s Desautels Faculty of Management. Each year Mr. Polushin (who’s also founding director of the Desautels program for international competitiveness, trade and innovation) polls his students about their attitudes towards entrepreneurship and innovation by asking whether they see themselves as the next Bill Gates – in other words, as individuals who will come up with an innovation that could be a game-changer. Year after year, the response rate is consistent: only about 10 percent say they see themselves in this kind of role. By comparison, at a recent conference on North American competitiveness in Mexico City, he asked the students in the audience to raise their hands if they saw themselves running their own businesses in the future. “Well over half put up their hands,” he says.

The results of his straw polls tell a story. Canada has not been especially successful at fostering an innovation mindset among successive generations of business grads and entrepreneurs. Mr. Polushin says, “We don’t have a strong risk orientation in our own country.” [emphasis mine] Most of his students aspire to work in large companies, even though the supply of Canadian-based multinationals continues to shrink due to consolidation. The result, he says, is that much R&D and innovation activity occurs elsewhere.

For a bit of contrast,

Although he’s based at the epicentre of Ottawa’s policy machinery, veteran Statistics Canada economist John Baldwin has a message that runs sharply counter to much of the conventional wisdom that emanates from the capital’s think tanks. “There’s an awful lot of innovation taking place,” says Dr. Baldwin, director of StatsCan’s economic analysis division. The problem is that Canadian policy doesn’t recognize it as such.

I think that’s true too and illustrates the point that discussion about innovation in Canada is complex and nuanced. I recommend reading Lorinc’s entire article.

Todd Babiuk’s article for the Edmonton Journal, Canada failing to create culture of innovation, provides an insider’s perspective from Peter Hackett,

He was, for five years, the president and CEO of a now-shuttered endowment fund called Alberta Ingenuity. The mandate of Alberta Ingenuity, devised to be independent of the provincial government, was to encourage and support innovation in science, technology and engineering. This innovation would lead to spinoff companies that would create fabulous wealth and opportunity for Albertans, attract talented people, and diversify the economy.

Then, all of a sudden, he wasn’t the president and CEO of an independent organization. Alberta Ingenuity has been replaced by Alberta Innovates, and it is operated by the department of Advanced Education and Technology.

“What I take from it, in terms of lessons, is it’s thrilling to watch a group of people take a great product to the market,” said Hackett, in his current office at the University of Alberta’s National Institute for Nanotechnology, where he is a fellow. Before he arrived in Alberta, Hackett did similar work at the National Research Council in Ottawa, spinning Canadian research into businesses.

“But in 15 years of an innovation agenda, honestly,” he said, “governments have accomplished nothing.”

On a YouTube video shot at the Canadian Science Policy Centre in late 2010, Hackett criticizes the Canadian government’s unhelpful and backward interventions into business, through the tax system.

If you’re making a profit, we’re going to help you. But if you’re growing, we won’t. [emphasis mine] In the U.S., it’s completely the other way around. That’s why they have a lot of small companies that grow into big companies.”

In the same video he outlines, briefly and rather devastatingly, the problem with venture capital in Canada. “Government’s intervention into venture capital has ruined the ability for Canadian companies to grow,” he says.

… “We created a tax break for investing in venture capital,” he said, in his office. “So it was about the tax break, not this great company: Facebook, whatever you like. It’s absurd!”

Point well taken regarding the tax break for venture capital. As I recall, there were similar issues with film funding tax breaks. These were addressed and finally, real movies as opposed to ‘tax break’ movies got funded. Part of the problem with government tax programmes such as tax breaks for venture capital funding or film funding is the law of unintended (and counterproductive) consequences and the extraordinarily long time it takes to resolve them.

There was one other point in Hackett’s interview, “If you’re making a profit, we’re going to help you. But if you’re growing, we won’t,” which is well illustrated by Rob Annan’s Nov. 30, 2010 posting (on the Researcher Form blog) where he discusses this phenomenon in the context of Medicago,

Medicago is a Canadian company that produces vaccines in tobacco plants instead of using traditional egg-production techniques. This allows a much more rapid development and deployment of seasonal and pandemic vaccines. Their proprietary technology, currently in phase I and II clinical trials, was developed in Canada thanks in part to government funding …

They’ve been awarded numerous Canadian business and technology awards. They have translated these investments and successes into millions of dollars in private sector investment and a public listing on the TSX. Not bad for a company based out of Quebec City.

So what’s wrong with this obvious success story?

Medicago made the news this week because the US Department of Defense is investing $21-million to build a 90,000 sq ft state-of-the art production facility in North Carolina. The facility will be able to produce 120-million pandemic vaccine doses annually or 40-million seasonal vaccine doses annually. In a news release, the US government recognizes the company’s ability to bolster domestic vaccine supply, respond more rapidly than traditional methods, and bring “hundreds of good paying jobs” to the region.

The 90,000 sq ft facility in North Carolina will dwarf the current estimated 15,000 sq ft dedicated to production in Quebec City, and will inevitably shift the company’s focus south.

The Canadian government’s response?

According to CBC news, Health Canada remains committed to egg-based vaccines …

While it’s discouraging to read about, I like to find hope in the fact that innovation in Canada is being discussed and folks seem to be interested in finding ways to promote and nurture innovation in Canada.